by weblychee | Jan 8, 2024 | Automotive, Business, China, Glopen, Newsletter
1.Chinese car companies are challenging Tesla’s sales myth On January 2, Tesla announced a record-breaking fourth-quarter 2023 vehicle delivery figure of 484,507 units, setting a new high for electric car deliveries. Meanwhile, BYD reported pure-electric vehicle sales...
by weblychee | Jan 1, 2024 | Automotive, Business, China, Glopen, In-depth, Newsletter, Services
1.Xiaomi has launched its first electric vehicle On December 28th, Xiaomi Group hosted the Xiaomi Car Technology Launch Event in Beijing, officially introducing Xiaomi Car’s five core technologies – E-Motors, Battery, Die-casting, Pilot Autonomous Driving, and Smart...
by weblychee | Dec 25, 2023 | Automotive, Business, China, Glopen, In-depth, Newsletter
1.Thailand’s Luckin Coffee is suing China’s Luckin Coffee and seeking 10 billion baht in damages. Several Thai media outlets reported that on the morning of December 19th, the Royal 50R Group filed a lawsuit against Luckin Coffee in court, seeking compensation for...
by weblychee | Dec 18, 2023 | Business, China, Glopen, In-depth, Newsletter
1.China Overtakes U.S. as Global Coffee Shop Leader China has now taken the lead as the global epicenter for coffee shops, surpassing the United States in sheer numbers. According to a recent report from World Coffee Portal, a research organization under Allegra...
by weblychee | Dec 11, 2023 | Automotive, Business, China, Glopen, In-depth, Newsletter, Travel
1. China’s CPI decreased by 0.5% y-o-y and dropped 0.5% compared to October In November 2023, the national consumer price index (CPI)for residents across China experienced a y-o-y decline of 0.5%. Specifically, urban areas saw a decrease of 0.4%, while rural areas...
by weblychee | Dec 4, 2023 | Business, China, Glopen, In-depth, Newsletter
1.From January to October 2023, Profits of National Large-Scale Industrial Enterprises Decline by 7.8% From January to October 2023, large-scale industrial companies (above CNY 20mn revenue) achieved business revenue of CNY 107.78 trillion (approximately $16.83...
